BSE to suspend trading in securities of 10 companies

The Bombay Stock Exchange on Wednesday decided to suspend 10 companies from trading in securities with effect from May 3, for non-compliances of various clauses of the Listing Agreement.

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PTI

Mumbai

March 31, 2010

UPDATED: March 31, 2010 21:37 IST

The Bombay Stock Exchange on Wednesday decided to suspend 10 companies from trading in securities with effect from May 3, for non-compliances of various clauses of the Listing Agreement.

As per the provision of the Securities Contract (Regulation) Rules, 1957 and the rules and regulations of the exchange, a company listed on it has to comply with various clauses of the Listing Agreement, failing which trading in securities of such defaulting companies is liable for suspension.